Marcus & Millichap Arranges the Sale of a 17,410-Square-Foot Self-Storage Facility in Richmond, Maine

RICHMOND, Maine, October 4, 2022 - Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Mid-Maine Storage, a 17,410-square-foot self-storage facility located in Richmond, Maine, according to Grant Fitzgerald, regional manager of the firm's Columbus office.

Luke Dawley, Nathan Coe, Brett R. Hatcher and Gabriel Coe, investment specialists in Marcus & Millichap's Columbus office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. James Koury, Maine Broker of Record, assisted in closing this transaction. Luke Dawley said, "Another great closing in Maine with an out-of-state buyer group who saw an opportunity to add a facility with strong upside to their growing portfolio in the state."

Mid-Maine Storage is located in Richmond, Maine. The facility features 154 non-climate-controlled units and three garage units totaling 17,410 net rentable square feet. The property has room for expansion and the existing commercial space can be renovated into an on-site management office.

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About Marcus & Millichap (NYSE: MMI)

Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2021, the company had 1,994 investment sales and financing professionals in 82 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 13,255 transactions in 2021, with a sales volume of approximately $84.4 billion. For additional information, please visit www.MarcusMillichap.com.